Multicoin Led $10M Raise for Crypto-Incentivized Internet Infrastructure Network Pipe

The startup building Pipe Network, Permissionless Labs, is focusing on one of the unseen but ubiquitous pieces of the modern internet. Many websites cannot afford to let their content lag as it zips long distances from hosting server to end-user. So they rely on networks of relay servers that can be called upon by the end-users to which they’re geographically close.